BlackRock Taxable Municipal Bond Trust
BBN
72 hedge funds and large institutions have $128M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
4% more funds holding
Funds holding: 69 → 72 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.52% less ownership
Funds ownership: 11.77% → 11.25% (-0.52%)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
17% less capital invested
Capital invested by funds: $155M → $128M (-$27M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.69M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.93M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.48M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$5.29M |
| 2 |
Morgan Stanley
New York
|
-$3.83M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$2.25M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.85M |
| 5 |
CWM
Cabot Wealth Management
Salem,
Massachusetts
|
-$1.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BA
76
Boston Advisors
Boston,
Massachusetts
| – | -$744K | -32,818 | Closed |
|
|
SA
77
Strategic Advisors
New York
| – | -$291K | -13,400 | Closed |
|
|
ACM
78
Aviance Capital Management
Sarasota,
Florida
| – | -$244K | -10,747 | Closed |
|
|
FHA
79
First Horizon Advisors
Memphis,
Tennessee
| – | -$56K | -2,464 | Closed |
|
80
Creative Planning
Overland Park,
Kansas
| – | -$27K | -1,199 | Closed |
|
|
JIC
81
Joel Isaacson & Co
New York
| – | -$19K | -850 | Closed |
|
|
BIM
82
BlackRock Investment Management
Wilmington,
Delaware
| – | +$64 | +3 | New |
|
BBN Hedge Fund Activity: Q2 2015 in Review
72 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2015, worth a combined $128M — down 17% from $155M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BBN positions and 11 closed out — a net gain of 3 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.85M. The largest seller was Goldman Sachs, exiting entirely with an estimated $5.29M sold.
- 72 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2015, up from 69 in Q1 2015.
- Funds reported $128M of BlackRock Taxable Municipal Bond Trust stock for Q2 2015, down 17% quarter-over-quarter.
- 14 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2015 and 11 closed out, a net change of +3 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2015 was Sit Investment Associates, an estimated $2.85M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2015 was Goldman Sachs, an estimated $5.29M sold.
Based on aggregated 13F filings for Q2 2015.